National Bank of Anguilla Ltd. is proud to introduce its newest Savings Product – The NBA Education Savings Account. At NBA we recognize that having a good education is essential in today’s society, but how do you afford it? We can help you do this with an Education Savings Account. This account is designed to help parents, grandparents, relatives and friends save for a loved one’s tertiary education and it is never too early to start.

Marisa Gumbs explaining NBA’s Saving Project

Features of an NBA Education Savings Account

Open to persons 30 years and under
Account can be denominated in US$ or EC$
Minimum to open account - US$ or EC$100.00
Minimum annual contribution - US$300.00 or EC$600.00
Maximum annual contribution – US$30,000.00 or EC$80,000.00
Maximum balance – US$185,998.06 or EC$500,000.00

Take this bold step towards making a tertiary education part of your child’s future.

Here are some examples of the kind of returns you can expect:

Amount Earned after:
Contribution 10 years 15 years 20 years

$100 per month $15,528.23 $26,728.89 $41,103.37
$200 per month $31,056.46 $53,457.79 $82,206.73
$500 per month $77641.14 $133,644.47 $205,516.83

Based on monthly deposits as stated with a 5% APR in Eastern Caribbean dollars

BENEFITS INCLUDE:
• Interest rate that is higher than a regular savings
• Funds placed in an account that is safe, sound and secure
• Sure way of saving for your child’s Education
• Ability to make automatic transfers each month

For more information please visit the Bank located in The Valley or call 497- 2101 and speak with one of the Bank’s Customer Service Representatives.

NBA- More than Banking… A Commitment to Anguilla’s Development

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